Innovation and ICT: Key Factors of Successful Business

Domazet, Ivana and Marjanović, Darko and Ahmetagić, Deniz and Stantić, Jadranka (2023) Innovation and ICT: Key Factors of Successful Business. In: Innovation, strategy, and transformation frameworks for the modern enterprise. Business Science Reference, Hershey, PA. ISBN 979-83-69304-58-7

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Abstract

The research carried out in the chapter aims to analyze the importance of innovation and ICT as key factors of successful business, that is, to what extent innovation and ICT influence the competitiveness and development of the digital economy in Serbia compared to other countries of the Western Balkans. The research covered the period from 2020 to 2022, while the methodological concept is based on descriptive analysis of secondary data from the World Economic Forum. The results obtained through the research explicitly show that the countries of the Western Balkans do not invest enough funds in the ICT sector, which has a negative impact on their further development and growth of macro-competitiveness. Compared to other countries of the Western Balkans, Serbia is progressing significantly faster in the field of digital transformation. Despite this, it still lags behind the EU countries when it comes to the adoption of ICT, infrastructure, and innovation systems.

Item Type: Book Section
Research Department: Digital Economics
Depositing User: Jelena Banovic
Date Deposited: 16 Oct 2023 11:39
Last Modified: 16 Oct 2023 11:39
URI: http://ebooks.ien.bg.ac.rs/id/eprint/1956

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